Cisco (CSCO) to Acquire Privately Held PostPath for $215M
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Cisco (Nasdaq: CSCO) today announced its intent to acquire privately held PostPath, Inc., a provider of innovative email and calendaring software. PostPath will enhance the existing email and calendaring capabilities of Cisco's WebEx Connect collaboration platform.
PostPath offers a Linux-based e-mail, calendaring and collaboration solution. It is interoperable with many other e-mail solutions and provides a browser-independent AJAX Web client. In addition, PostPath's software is compatible with a number of mobile clients.
According to terms of the deal, Cisco will pay approximately $215 million in exchange for all shares of PostPath. The acquisition is subject to various standard closing conditions and is expected to be complete in Cisco's Q109. Upon completion of the acquisition, PostPath employees will become part of the Cisco Collaboration Software Group.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol-based networking and other products relating to the communications and information technology industry worldwide.
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